Millionaire Corner research shows that only 8 percent of investors have increased concern about their health
Perhaps investing your money is a way to take your mind off of your health concerns.
Whatever the reason, Spectrem’s Millionaire Corner research shows that investors have very little concern over their personal health situation now than they did five years ago.
The research polled investors over several different income segments: under $100,000 annually, from $100,000 to $250,000, from $250,000 to $500,000, from $500,000 to $750,000 and $750,000 and above.
Only eight percent of the entire research group reported that they were more concerned with their health now than they were five years ago. There was very little spread in that statistic over income segments, although 13 percent of the $500,000 to $750,000 income segment said they had greater concern over five years ago.
Oddly, there was no large positive response when asked about health habits. Only 23 percent of investors said they exercise more than five years ago, although only 10 percent of the highest income segment said they were exercising more.
Only 13 percent of investors report monitoring their weight more than they did five years ago (although the research does not indicate how much they monitored their weight back then). That number decreased as income level increased, down to just 3 percent of the highest income segment.
However, the greatest positive response came to the question about changes in behaviors. Given the choice “I have worked in the past five years to eliminate some bad health habits such as drinking, smoking, overeating, too much caffeine, etc.”, 24 percent agreed, and that number jumped to 31 percent among investors with between $250,000 and $500,000 in annual income.
Only 18 percent have increased their doctors’ visits from five years ago, however. Only 12 percent of investors with between $500,000 and $750,000 in annual income visit the doctor more often.
A Millionaire Corner study from the first quarter showed that while 70 percent of Mass Affluent investors (those with net worth under $1 million not including primary residence) were concerned about maintaining their current financial situation, 65 percent were concerned about the health of their spouse and 62 percent were concerned about their own health. Fifty-four percent expressed concern over a family health catastrophe.
Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.
In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.
McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.
McDill is the father of four children, and an active fan of soccer, Jimmy Buffett and all things Disney.